Accident- Insurance and NCB

ferguson_tom

Hi,

I recently had an accident on a roundabout and by sound of it going to go knock for knock or 50/50 what ever they call it.

If i decide not to get my car repaired by the insurance and do it myself can i keep my NCB as effectively they have not paid out any money?

Had the inspection and was told its probably an economic write off. It has damage front and rear door and bottom cill. I use it for commuting and for my purposes it only needs the front door replacing as not too bothered about the cill and rear door. Also my excess is a lot.

Thanks in advance
Tom

Quentin

Your NCD will be going down whether or not you get your car fixed because your insurer will be paying 50% of the third party's costs.

You would be able to recover 50% of your excess off the third party were you to get your car fixed/written off.

Or if you want to retain your NCD you could see if it was cost effective to reimburse your insurer their outlay to the third party.

InsideInsurance

Knock for knock was an old agreement where each would deal with their own losses rather than claiming off of each other.

50/50 is what existed beforehand and now the knock for knock agreements have gone what prevails again. Each party pays 50% of the damages of the other party.

If the Third Party makes a claim then you'd have a fault claim registered against you because the insurer would repay half of their losses. If you did claim then the TPI would have to pay half of your losses, such as your excess, but if you dont claim there is no excess to pay (in most cases).